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Armenian GDP Grows 10 Per Cent In January

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  • Armenian GDP Grows 10 Per Cent In January

    ARMENIAN GDP GROWS 10 PER CENT IN JANUARY

    ARMENPRESS
    Feb 21, 2008

    YEREVAN, FEBRUARY 21, ARMENPRESS: Armenia's Gross Domestic Product
    (GDP) rose 9.9 per cent in January 2008 amounting to 101.3 billion
    Dams at market prices, according to early numbers released by the
    National Statistical Service (Armstat).

    In 2007 Armenia's overall GDP amounted to 3.1 trillion Drams,
    registering nearly a 14 percent growth over the previous year.

    Armstat said industrial output in January, energy production included,
    rose 9.9 percent to almost 52 billion Drams. Last year's overall
    industrial output was 716.5 billion Drams, 2.6 percent higher than
    in 2006. But diamond cutting not counted the industrial growth this
    January was only 1.9 percent.

    Armenian power generating facilities produced 664 million
    kilowatt/hour electricity in January, almost 8 percent more than in
    2007 January. Last year's aggregate power production amounted to 5.9
    billion kilowatt/hour.

    Agricultural GDP rose 0.2 percent to 13.7 billion Drams. In 2007
    agricultural GDP made 644 billion Drams, 9.6 percent more against 2006.

    In January 2008 investments in construction sector, the driving
    force behind double-digit continued growth, made 7.3 billion Drams,
    almost 80 percent more than in 2007 January. Last year investments
    in this booming sector rose to almost 670 billion Drams, marking a
    20 percent growth over 2006.

    Retail trade this January was 58 billion Drams, growing 10 percent
    over the 2007 January. Last year it made almost 935 billion Drams.

    In January there were 72,300 officially registered jobless people,
    down from 75,100 in January of 2007.

    Armenia's foreign trade in 2008 January grew 30 percent to $3337
    million.
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